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But insurance will never cover the value of all the assets. Custody with insurance is a scam
Not saying you're wrong or right. Just wondering why you state this as a fact.
Well if done like bank accounts it would have a limit of 250,000 usd value.
But you would get that. I would argue it is better than btc in a wallet. If they set it up like a bank setups up a cash account.
And the key here is they'll be paying interest to hodl our precious coins. It's a win-win.